Get the app
Software Engineers
Software Engineers
on
MagicalCupcake
MagicalCupcake
Deloitte

Guys need your opinion on financial matter

Me and my husband owns 3 flats together. 1Bhk currently getting rent of 38k 2bhk self occupied 3bhk under construction and having good EMI

My husband is suggesting to sell 1Bhk flat and get rid of the max home loan which we have on 2bhk and 3Bhk and invest remaining amount in MF

We have 10L in MF 20L stocks 10L in FD 10L in savings 30L gold 40L in ppf and nps

My husband is thinking from reducing the burden. I am thinking from the point of view of gaining financial freedom by the age we reach 42. If I keep 1bhk and 3bhk in total I will be expecting rent of 1.5L in few years. Which will reduce our tension of job security. We have 1 year old baby

6mo ago
JumpyPretzel
JumpyPretzel
Stealth6mo

Your husband is right, remove unnecessary loans, put money in MF. First get cash rich and then think of all these money earning tricks

GigglyPickle
GigglyPickle
Stealth6mo

Depends on which locality your house is situated. In most cases, selling the house and investing it on stocks or MF can generate relatively more wealth in the long term if you do it right.

PerkyDumpling
PerkyDumpling
Stealth6mo

Alot of money in ppf not needed

DerpyBurrito
DerpyBurrito
Stealth6mo

Sell the 1BHK and stocks partially to close out home loan. No guarantees of that rent as it is market and economy dependent

Discover more
Curated from across
Personal Finance
Personal Finance9mo
by FuzzyCoconutSoftware Developer

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Me and my wife are 30 years old software engineer with no kids. Draw 7 lac a month please some yearly bonus. We invest 2 lac a month combined into equity market through mutual funds.

Expenses: 1.5 lac a month including everything, li...

Top comments
user

Hey - we are also similar to you. Would strongly suggest finding something you’re passionate about. For us (prim...

user

Funny how no one commented to be adopted by you 🤣

user

Bro My suggestion is Buy some big land in outskirts and save some in your Account. Once you fell not intereste...

Personal Finance
Personal Finance10mo
by GigglyPenguinSwiggy

Need suggestions on purchasing a property

Hi All, We are planning to buy a builder floor flat(reason : we get more land share than buying an apartment). Budget within 1.5 to 1.8 cr My salary : 44lacs My husband's salary: 64 lacs We both have purchased two houses in our home town...

Personal Finance
Personal Finance18mo
by BouncyBurritoConsultant

Question for the finance planning folks

I am 30M with 2 cr in savings (across portfolio, no RE, all liquid) If I keep up with this rate I will hit 8cr (~1M USD) by 2027. I am living with my parents, married, no kids yet. Want to move out. Should I buy a house (purely consumpti...

Adulting
Adulting4mo
by ZippyCupcakeSoftware Developer

Confused in life

22YO M Currently, working as a frontend developer and getting 54k per month and it's a Remote job. Currently living in 1BHK flat with my parents in my hometown. I am saving around 40k each month. Also doing 5k sip per month apart from sa...